Regina, a maker of chains for motorcycles, industrial and conveyor applications, leased 64,000 square feet in building B. The company is relocating from a facility in Maryland, with financial incentives from Milwaukee 7, the regional economic development council.
We, a subsidiary of Wisconsin Energy Corp., took 81,000 square feet of distribution in building A. With the signing of the two leases, the park is 79% occupied, with about 39,000 square feet available. Average lease space for distribution is $4.25 per sf in the Milwaukee market, according to a Colliers International third quarter report.
Steve Stewart with Inland Cos., along with Roger Siegel and Scott Furmanski with CB Richard Ellis, assisted on both transactions. Tom Shepherd with Inland was also a part of the We lease. First Industrial owns, manages and is constructing 2.2 million square feet in Milwaukee, and has another 18 acres available for future development.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
